President Donald Trump’s advisers have given him a final list of people they’re recommending as candidates to lead the Federal Reserve and have ended the search, according to seven people familiar with the matter.
Two of the people said Fed Chair Janet Yellen remains under consideration -- even though few, if any, of Mr Trump’s inner circle are advocating for her re-appointment. Trump could bring in a wild-card candidate, but several of the people said that’s unlikely.
National Economic Council Director Gary Cohn recused himself from helping to manage the selection process after Mr Trump said publicly in the summer that he might appoint him to the position, several people said. All of the people requested anonymity to discuss internal deliberations.
Only a small handful of the president’s closest advisers have seen the final list of names, several of the people said. Two senior administration officials who have been involved in the discussions say that in addition to Ms Yellen, Mr Trump is considering Mr Cohn, former Fed board governor Kevin Warsh and current governor Jerome Powell.
_______________
Read more:
[ US Fed vice chairman steps down early ]
_______________
There’s no frontrunner at the moment, several people said. Two people said the president has no plans to interview economist Glenn Hubbard and US Bancorp Chairman Richard Davis, both of whom have been floated as possible candidates.
A fifth person, Stanford economist John Taylor, a favorite of fiscal conservatives, is also believed to be under consideration, two of the people said. It’s unknown whether Taylor has been interviewed or is scheduled for a meeting.
Mr Trump is known to have spoken to Ms Yellen, Mr Cohn, Mr Warsh and Mr Powell about the Fed post, several people told Bloomberg News last week.
Mr Hubbard wasn’t immediately available for comment. Dana Ripley, a spokesman for US Bancorp, declined to comment.
The latest developments show that Mr Trump is closer to making a final selection than previously known. He said Friday that he is two or three weeks away from announcing his nominee for the post overseeing the nation’s central bank.
Simultaneously, the White House is searching for a Fed vice chair. Mr Trump has four appointments to make to the Fed in total: chairman, vice chair and two governors.
The White House is urging the Senate to approve three simultaneous nominations for Randy Quarles, two people said: to fill an empty Fed governor’s seat until January 31, to a full 14-year term as a governor, and also to a four-year term as vice chairman of supervision. The Senate will vote tomorrow on his nomination for the term that expires in January.
TWISTERS
Director:+Lee+Isaac+Chung
Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos
Rating:+2.5/5
Sinopharm vaccine explained
The Sinopharm vaccine was created using techniques that have been around for decades.
“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.
"What is left is a skeleton of the virus so it looks like a virus, but it is not live."
This is then injected into the body.
"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.
"You have to be exposed more than one time to what we call the antigen."
The vaccine should offer protection for at least months, but no one knows how long beyond that.
Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.
“Since it is inactivated, it will not last forever," she said.
From Europe to the Middle East, economic success brings wealth - and lifestyle diseases
A rise in obesity figures and the need for more public spending is a familiar trend in the developing world as western lifestyles are adopted.
One in five deaths around the world is now caused by bad diet, with obesity the fastest growing global risk. A high body mass index is also the top cause of metabolic diseases relating to death and disability in Kuwait, Qatar and Oman – and second on the list in Bahrain.
In Britain, heart disease, lung cancer and Alzheimer’s remain among the leading causes of death, and people there are spending more time suffering from health problems.
The UK is expected to spend $421.4 billion on healthcare by 2040, up from $239.3 billion in 2014.
And development assistance for health is talking about the financial aid given to governments to support social, environmental development of developing countries.
Profile of RentSher
Started: October 2015 in India, November 2016 in UAE
Founders: Harsh Dhand; Vaibhav and Purvashi Doshi
Based: Bangalore, India and Dubai, UAE
Sector: Online rental marketplace
Size: 40 employees
Investment: $2 million
Tips to keep your car cool
- Place a sun reflector in your windshield when not driving
- Park in shaded or covered areas
- Add tint to windows
- Wrap your car to change the exterior colour
- Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
- Avoid leather interiors as these absorb more heat
'Worse than a prison sentence'
Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.
“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.
“They were living in perpetual mystery as to how their futures would pan out, and what that would be.
“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.
“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.
“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”
Prophets of Rage
(Fantasy Records)
